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IDB: Taiwanese Business Owner's Investment in Southeast Asian Countries Doubles Over Past 8 Months
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2021-11-24
     The Bureau of Industry under Ministry of Economic Affairs (Taiwan) held a performance result conference on Nov/15 for its international market expansion and industrial collaboration plan. The Minister Mei-Hua Wang stated in the conference that Taiwanese business owners' investment in the target countries of New Southbound Policy peaked in 2019 and slowed in 2020 due to the pandemic. However, Taiwan invested a total of USD 5.35 billion in the target countries of New Southbound Policy in the first 8 months this year, up a whopping 200% and the growth was mostly generated from Malaysia, Thailand, India and Vietnam. 

     Wang said businesses not only have to think about cost and market demand but also have to evaluate investment environment and regulations before expanding overseas. Some of them resort to "the international market expansion and industrial collaboration plan" by the government to utilize business evaluation service by international consulting firms in order to remove obstacles and reduce investment risks.​
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2021-11-26

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